Wednesday December 17, 2014
In a fresh effort to locate Sahara investors eligible for refunds, the Securities and Exchange Board of India (Sebi) has asked bondholders to submit their claims by next month along with necessary proof of their investments.
Tuesday December 2, 2014
The Supreme Court on Tuesday permitted the Sahara Group to proceed with the sale of four domestic properties in its bid to raise Rs 10,000 crore for the release of its jailed chief Subrata Roy. The property sale is likely to fetch Rs 2,710 crore.
Friday November 28, 2014
The Sahara conglomerate on Friday said it aimed to raise $650 million (Rs 4,037 crore at 1 dollar = 61 rupees) in loans to secure the release of its chief, in jail for nearly nine months over the group's failure to refund billions of dollars to inves...
Saturday November 1, 2014
The Securities and Exchange Board of India (Sebi) has accused Sahara of deliberately failing to sell its marquee overseas hotels in New York and London, seen as crucial to it complying with an order to repay investors and secure the release of jailed...
A Vaidyanathan | Thursday October 30, 2014
Market regulator Securities and Exchange Board of India or Sebi on Thursday moved Supreme Court over Sahara's failure to sell properties to repay investors. In its petition, the market regulator said it has received complaints from buyers that Sahara...
Friday October 10, 2014
To fast track prosecution and investigations initiated by the Securities and Exchange Board of India (Sebi) against defaulters, a special court may be set up soon to hear such cases as the regulator has taken up this matter with the government and ju...
A Vaidyanathan | Friday September 5, 2014
Sahara chief Subrata Roy today moved Supreme Court seeking more time for negotiations to sell properties. Sahara chiefs lawyer told the top court that he needs ten more days as the negotiations are in crucial stage and likely to get fetch around Rs 1...
Tuesday August 26, 2014
The Securities and Exchange Board of India (Sebi) on Monday asked the states to enact laws to ensure depositors' interests are safeguarded.
Sunday August 24, 2014
Those having invested in various bonds issued by two Sahara firms, Sahara India Real Estate Corp Ltd (SIRECL) and Sahara Housing Investment Corp Ltd (SHICL) have been asked by Sebi to submit their refund applications along with necessary documentary ...
Thursday August 14, 2014
Mr Roy was jailed in March after he failed to appear at a contempt hearing in the long-running dispute with the capital markets watchdog Sebi (Securities and Exchange Board of India) over the company's failure to repay crores to investors who were so...
Friday August 1, 2014
Roy, head of the Sahara conglomerate, was jailed on March 4 for failing to appear in court in a legal battle with India's capital market's watchdog. He needs to raise Rs 10,000 crore to have a chance of release.
A Vaidyanathan | Friday August 1, 2014
Mr Roy has been lodged in Tihar Jail since March this year.
Wednesday July 30, 2014
Mr Roy, 66, has been arrested over his group's failure to repay lakhs of small investors who were sold bonds that were later declared illegal. Numerous attempts by lawyers to have him released on bail have been unsuccessful.
Saturday July 26, 2014
The top court has asked the jail authorities to come up with suggestions as to where Mr Roy can negotiate asset sale deals within the Tihar Jail premises. The next hearing has been posted for Wednesday.
A Vadiyanathan | Wednesday July 23, 2014
The Supreme Court has refused bail to Sahara chief Subrata Roy, who had sought that he be released for 40 days to finalise the sale of three hotels his company owns abroad. Mr Roy has been lodged at Delhi's Tihar Jail since March 4 this year.
Tuesday July 1, 2014
The Sahara group on Monday filed an affidavit in the Supreme Court stating that it has deposited Rs 3,117 crore so far with the Securities and Exchange Board of India (Sebi).
India | Press Trust of India | Tuesday May 6, 2014
The Supreme Court is likely to deliver its verdict on Sahara Chief Subrata Roy's petition on Tuesday, challenging its decision to send him to jail for not complying with its order to deposit around Rs. 20,000 crore of investors' money with the Securi...
Neha Khanna | Tuesday May 6, 2014
The Supreme Court had earlier granted conditional bail to Mr Roy, saying that he has to pay Rs 5,000 crore in cash and another Rs 5,000 crore in bank guarantee.
Monday April 21, 2014
According to Sahara's new proposal, it will deposit Rs 3,000 crore by April 25, if Mr Roy is released and another Rs 2,000 crore by May 30. Sahara also said that it will give bank guarantees worth Rs 5,000 crore before June 20.
Thursday April 10, 2014
Sahara lawyers on Wednesday had pleaded that Mr Roy be kept under house arrest so that he could negotiate a deal with the international buyer, stating that no global buyer would like to do business in a jail. However the top court refused to budge.
Wednesday April 9, 2014
The Supreme Court today refused today to shift Sahara chief Subrata Roy to house arrest. Sahara lawyers today made a plea before the Supreme Court for release of its chief Subrata Roy, saying that the group is looking for global buyers to sell its as...
A Vaidyanathan | Wednesday April 9, 2014
Sahara chief's counsel Ram Jethmalani told the top court that conditions in Tihar Jail are over-crowded and "we found an international buyer but which international buyer would go to Tihar for negotiate".
A Vaidyanathan | Thursday April 3, 2014
Sahara told the top court today that it cannot pay Rs 5000 crore upfront to secure bail for its chief and offered to pay in installments.
Monday March 31, 2014
Under pressure from a long-running investor refund battle with market regulator Securities and Exchange Board of India (Sebi), the Sahara group has informed its staff that their salaries may get delayed due to the prevailing adverse situation, accord...